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Weekly forecast IOTA technical chart
Symbol IOTAUSD

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.6185 to 0.5535). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.6185)
    • Resistance on 09/22/2018
    • Resistance on 09/23/2018
    • Resistance on 09/24/2018
    • Resistance on 09/27/2018
    • Resistance on 10/08/2018
    • Resistance on 10/09/2018
    • Support on 05/19/2021
    • Trough on 06/22/2021
    • Support on 06/22/2021
  • Ending of entry zone (0.5535)
    • Support on 09/06/2018
    • Support on 09/07/2018
    • Support on 09/10/2018
    • Support on 09/14/2018
    • Support on 09/15/2018
    • Support on 09/16/2018
    • Resistance on 09/20/2018
    • Support on 09/24/2018
    • Support on 09/25/2018
    • Support on 09/26/2018
    • Support on 09/27/2018
    • Support on 09/28/2018
    • Support on 09/29/2018
    • Support on 09/30/2018
    • Support on 10/01/2018
    • Support on 10/02/2018
    • Support on 10/05/2018
    • Support on 10/06/2018
    • Support on 10/07/2018
    • Support on 10/08/2018
    • Resistance on 05/29/2019
    • Resistance on 05/30/2019
    • Resistance on 02/06/2021
    • Resistance on 02/07/2021
DateJuly 18, 2021 - 18:18
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.6185, resumption of uptrend is expected.
  • We make sure when the resistance at 1.5790 breaks.
  • If the support at 0.6185 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The descending triangle taking shape.
  • There is a divergence in RSI and price between the trough at 0.6725 on 2021-05-23 and the trough at 0.5595 on 2021-07-25, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased.
  • While the RSI resistance #1 at 49 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 0.9255 on 07/07/2021, so more losses minimum to Major Support (0.6185) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 36.

Take Profits:

  1. 0.7920
  2. 0.9265
  3. 1.1550
  4. 1.2640
  5. 1.4130
  6. 1.5790
  7. 1.7435
  8. 2.2170
  9. 2.6285
Click on the level to view price action history.
Symbol Released Current Forecast
IOTA (IOTAUSD) free Mon, 2 Jan 2023
IOTA (IOTAUSD) Sun, 25 Dec 2022
IOTA (IOTAUSD) Mon, 5 Dec 2022
IOTA (IOTAUSD) Sun, 27 Nov 2022
IOTA (IOTAUSD) Mon, 21 Nov 2022
History
Daily-Trading-Opportunities on IOTAUSD.